more good news..., page-9

rastus my understanding on the hedging commitment is about 150k by end 2007, with about half that due in a few days depending on the negotiations, and another 100k in 2008. pretty grim given there production rate so far, even aside from once-off problems, seems to be coming in under 10k quarter. original full production target was 25k+.

i think i read they are planning to borrow gold to fill the commitments but i'm not sure of the economics of that. if they produced say 50k and had to make up 100k of the 2007 hedge buying at spot would cost 25m by my calculation.